Announcing the fine on Thursday, New York's Department of Financial Services faulted "critical gaps" in the Bank Secrecy Act.

Block will pay a $40 million civil fine and hire an independent monitor to settle charges by New York's financial services ...

New York state’s top financial regulator struck a $40 million settlement with Block Inc., the parent of Cash App, over ...

Cash App's Block, Inc. reaches a $40M settlement with NYDFS over AML compliance issues, following a $80M penalty for similar ...

The digital payments company co-founded by Jack Dorsey has reached a settlement with the New York financial regulator amid ...

Block Inc., the digital payments firm founded by billionaire Jack Dorsey, was fined $40 million by New York for alleged ...

Block Inc. has agreed to a $40 million settlement with the NYDFS following allegations of compliance failures tied to its ...

Block agreed to pay $40 million to the NYDFS for alleged anti-money-laundering inadequacies and cryptocurrency compliance ...

Block, the parent company of popular digital payment platform Cash App, has been slapped with a $40 million penalty by the New York Department of Financial Services (NYDFS) for violating anti-money ...

The payments and blockchain firm has agreed to an outside monitor as it resolves its compliance with New York regulations.